It's going to be like watching enamel paint drying in the wet season...
I'm putting my GOR shares at the back of the bottom drawer for a few months.
FYI
NEW YORK (Dow Jones)--As gold tumbled along with U.S. stocks Wednesday, options traders rallied around mining stocks and expressed conviction in a rebound over the coming weeks.
Gold futures fell below $1,600 Wednesday for the first time in almost three months and U.S. stocks declined with the value of the euro, a slide that provoked traders to move from the safe-haven asset into cash.
Even so, the options market shimmered with bullish bets in gold-mining companies made by traders who read the weakness as an auspicious time to bet on a turnaround.
One options trader appeared to be directing the unusual traffic in the GDXJ, closing out a losing bet targeting options with February expiration. After closing the position, the trader appeared to set up a new position in January
By Chris Dieterich
Of DOW JONES NEWSWIRES
as gold stumbles, conviction for gold miners
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Last
$1.98 |
Change
-0.025(1.25%) |
Mkt cap ! $2.140B | |||
| Open | High | Low | Value | Volume |
| $1.98 | $2.00 | $1.97 | $6.863M | 3.464M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 75401 | $1.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.98 | 25614 | 2 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| GOR (ASX) Chart |